Renewable Energy Adoption Fuels Growth In Static And Rotating Equipment Market: A Significant Driver Propelling The Static And Rotating Equipment Market In 2025

The Static And Rotating Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Static And Rotating Equipment Market Size and Projected Growth Rate?
The market size of static and rotating equipment has seen significant growth over the past few years. It is projected to escalate from $27.42 billion in 2024 to $29.01 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. This surge during the historical phase can be credited to factors like the demand for power generation, an emphasis on operational efficiency, expanding industrialization, infrastructure evolution, economic development in burgeoning markets, as well as the need for replacement and upgrades.

The market size for static and rotating equipment is anticipated to experience robust growth in the upcoming years and is predicted to increase to $37.08 billion in 2029, with a CAGR of 6.3%. Factors contributing to this expansion during the forecasted period include the rise in renewable energy projects, the need for LNG infrastructure, global emphasis on reducing emissions, a concentration on anticipatory maintenance, burgeoning investments in LNG and petrochemical initiatives, the universalisation of manufacturing and downstream processing expansion. Predominant trends for the forecast interval encompass the incorporation of digitalization and industry 4.0, remote observation and servicing, the implementation of 3d printing or additive production, advancements in materials and protective layers, as well as tactical alliances and collaborations.

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What Are the Major Segments in the Static And Rotating Equipment Market?
The static and rotating equipment market covered in this report is segmented -

1) By Product Type: Oil And Gas Static Equipment, Oil And Gas Rotating Equipment
2) By Static Equipment: Valves, Boilers, Furnaces, Heat Exchangers
3) By Rotating Equipment: Compressors, Turbines, Pumps
4) By Application: Upstream, Midstream, Downstream

Subsegments:
1) By Oil And Gas Static Equipment: Pressure Vessels, Heat Exchangers, Storage Tanks, Boilers, Piping Systems
2) By Oil And Gas Rotating Equipment: Pumps, Compressors, Turbines, Mixers, Gearboxes

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What Are The Driving Static And Rotating Equipment Market Evolution?
The increasing recognition and use of renewable energy in an effort to cut down on carbon emissions are expected to boost the static and rotating equipment industry. Renewable energy is defined as energy that is sourced from natural resources that are continuously replenished like wind and sunlight. Pivotal in the successful use of renewable energy, static and rotating equipment help to maximize the efficiency of solar and wind energy, and minimize dependency on fossil fuels, such as natural gas. As per October 2024 data from the International Energy Agency (an independent intergovernmental organization based in France), the capacity for renewable energy is expected to rise from 666 GW in 2024 to 935 GW by 2030, with solar PV and wind energy as the frontrunners. Hydropower is anticipated to contribute an extra 20-30 GW every year, while bioenergy is projected to add 12 GW annually. Therefore, the burgeoning appeal and use of renewable energy as a means to decrease carbon emissions is propelling the growth of the static and rotating equipment industry.

Which Firms Dominate The Static And Rotating Equipment Market Segments?
Major companies operating in the static and rotating equipment market are Alfa Laval AB, Atlas Copco AB, Pentair PLC, General Electric Company, Metso Oyj, Siemens AG, Sulzer Limited, TechnipFMC Inc., OAO TMK Group, Technip SA, Flowserve Corporation, Doosan Group, Wärtsilä Corporation, Mitsubishi Heavy Industries Ltd., Tenaris S.A., Ingersoll Rand Inc., Gardner Denver Inc., Dresser-Rand Group Inc., Weir Group PLC, KSB SE & Co. KGaA, SPX FLOW Inc., John Crane PLC, ITT Inc., Ebara Corporation, Kobe Steel Ltd., Voith GmbH & Co. KGaA, Baker Hughes Company, National Oilwell Varco Inc., Aker Solutions ASA, Cameron International Corporation, Schlumberger Limited, Emerson Electric Co., Honeywell International Inc., Parker Hannifin Corporation, Danfoss A/S, Swagelok Company, Spirax-Sarco Engineering PLC, Armstrong International Inc.

What Trends Are Expected to Dominate the Static And Rotating Equipment Market in the Next 5 Years?
The rise of technological innovations has become a predominant trend in the static and rotating equipment market. Numerous prominent businesses involved in this market are directing their efforts towards creating new technologies to maintain their market share. Take for example, Schneider Electric, a French multinational that specializes in digital automation and energy management. In May 2022, they introduced EcoStruxure, an asset advisor for electrical distribution and rotating equipment. This tool can boost production and cut downtime up to 15 hours weekly for vital rotating equipment like motors, compressors, and pumps. The EcoStruxure Asset Advisor offers the capability for remote equipment monitoring for condition-based maintenance and safety (EAA). Furthermore, it incorporates contemporary cloud-based analytical tools powered by data and digital insights, which can detect issues before they result in equipment failure.

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Which Is The Largest Region In The Static And Rotating Equipment Market?
North America was the largest region in the static and rotating equipment market in 2024. The regions covered in the static and rotating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Static And Rotating Equipment Market?
2. What is the CAGR expected in the Static And Rotating Equipment Market?
3. What Are the Key Innovations Transforming the Static And Rotating Equipment Industry?
4. Which Region Is Leading the Static And Rotating Equipment Market?

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